Mirae Asset Mutual Fund declares IDCW under Mirae Asset Savings Fund
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Mirae Asset MF has announced that Mirae Asset Trustee Company, Trustees to Mirae Asset Mutual Fund have approved declaration of Income Distribution cum Capital Withdrawal (IDCW) under Mirae Asset Savings Fund (An open-ended low duration debt scheme investing in instruments with Macaulay duration of the portfolio between 6 months and 12 months. A moderate interest rate risk and moderate credit risk). The record date is fixed for the same on Thursday, April 13, 2023.
The quantum of IDCW on the face value of Rs 1000 per unit will be Rs 14.75 under Regular Savings Plan - Quarterly Income Distribution cum Capital Withdrawal option and Rs 16.00 under Direct Plan - Quarterly Income Distribution cum Capital Withdrawal option.
